Will These Banks be the Next to Sell?
September 10, 2012 1:57 PM
(Image: Thinkstock)
Astoria Financial
Ticker symbol: AFAssets: $17.8 billionHQ: Lake Success, N.Y.Astoria, led by CEO Monte Redman, suffered blows from the housing crisis and faces interest-rate risks similar to those that drove Hudson City to find a buyer .
Texas Capital Bancshares
Ticker symbol: TCBIAssets: $9.14 billionHQ: DallasTexas has been one of the hottest bank M&A markets , the chairman and CEO of Texas Capital are both more than 65 years old, and it reportedly explored selling about two years ago.
BancorpSouth
Ticker symbol: BXSAssets: $13.8 billionHQ: Tupelo, Miss.BancorpSouth has "a bright future" and could be a consolidator , Chairman and CEO Aubrey Patterson has said. But credit burdens, regulatory costs and revenue challenges could make going it alone difficult.
First Commonwealth Financial<TAB>
Ticker symbol: FCFAssets: $5.9 billionHQ: Indiana, Pa.Strengthening demand for banks in Pennsylvania , a CEO change this year and a plethora of potential buyers could prompt investor pressure for First Commonwealth to sell.(Image: Thinkstock)
OceanFirst Financial
Ticker symbol: OCFCAssets: $2.3 billionHQ: Toms River, N.J.The recent departure of OceanFirst's president could make this profitable bank -- based in the town where "The Amityville Horror" was filmed -- an appealing target for buyers in the New York region.
